Kevin Hassett, the Chairman of the White House Council of Economic Advisers, recently made a statement on a television program: "If I were in charge of the Fed, it should lower interest rates now." As soon as this was said, many Crypto Veterans immediately recalled that moment in 2020 — "The Fed is point shaving, go!"

The prediction market has already sensed the trend. The latest data shows that Hassett is the frontrunner for the next Fed chair with a 61% probability, while the previously leading reformist competitor, Walsh, has seen his support drop to 27%. This duel between the two Kevins is quietly determining the fate of Bitcoin in 2025.

Who is Hassett? Simply put, this guy is Trump's staunch confidant. He has a PhD in Economics from the University of Pennsylvania and once helped Trump design a tax cut plan. Now he works with Trump at the White House every day, and the level of mutual trust between the two can be imagined.

The most crucial thing is his attitude - "Inflation isn't actually that high, the Fed has plenty of room to cut interest rates." This dovish rhetoric is completely from a different world compared to the cautious wording of traditional Fed officials. What does this mean for Bitcoin and the entire crypto market? Expectations of interest rate cuts often imply abundant liquidity, which is precisely the accelerator for risk assets.

The power game in Washington appears to be a competition for financial positions, but it actually involves the direction of U.S. monetary policy in the coming years. This direction directly affects the performance of crypto assets led by Bitcoin. The market is watching, and investors are watching too. Whoever can come out on top may very well write the narrative for the market in 2025.